MacB 8. Identify the most accurate statement. A franchise disclosure document (F

Question

MacB 8. Identify the most accurate statement. A franchise disclosure document (FDD) is a legal document which is presented to prospective buyers of franchises in advance of sale and as part of the pre-sale disclbsure process. A franchisor must submit its FDD to federal or state regulators who review the FDD and advise prospective investors concerning the viability of the franchisor and the desirability of investing in the franchise. The offeringof franchises is governed by the Securities and Exchange Commission. The offering of franchises is governed exclusively by federal law. A and D are true. A. B. C. D. E. 9. A. Piercing the corporate veil refers to which of the following? In certain situations, courts will ignore the limited liability status of a corporation or LLC and hold its officers, directors, and shareholders or members personally liable for its debts. When this happens, it is called piercing the corporate veil. 0

Explanation / Answer

Question 8). Answer :- Option E). A and D are true.

Question 9). Answer :- Option A). In certain situations, Courts will ignore the limited liability status of a corporation or LLC and hold its officers, directors and shareholders or members personally liable for its debts. When this happens, it is called piercing the corporate veil.

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